Economic Growth in the Western Balkans To Accelerate in 2024, Albeit Slowly and Unevenly

By India Education Diary Bureau Admin On Oct 19, 2023

VIENNA – After slowing down in 2023, economic growth in the Western Balkans is expected to moderately accelerate in 2024 to reach three percent amid continued recovery in the European Union, the region’s main trade partner, and lower inflation that should help strengthen disposable income and support consumption, says the World Bank’s new Western Balkans Regular Economic Report, released today.

The regional growth rate in 2024, although faster than in 2023, may be 0.1 percent lower than anticipated by the World Bank in the previous edition of the report in April. The growth projection for 2025 was kept unchanged at 3.5 percent.

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